SpaceX IPO crowns Elon Musk as the world’s first trillionaire

Shares in SpaceX closed sharply higher on their trading debut, pushing the company’s market value above $2 trillion and making Elon Musk the world’s first trillionaire. The initial public offering was the largest in history and capped weeks of investor frenzy around the rocket company turned AI and satellite conglomerate.

Blockbuster debut on Nasdaq

SpaceX priced more than 555 million shares at $135 each in a filing with US markets regulators. The IPO raised more than $75 billion, and options for nearly 83 million additional shares could push the total raised above $86 billion.

The stock climbed as high as $176about 31 percent above the offering pricebefore ending the first session at $161.50, a gain described in the coverage as almost 20 percent higher on the trading debut.

Valuation, consolidation and market reach

SpaceX’s pricing valued the company at just under $1.8 trillion, and Friday’s trading lifted its market value to more than $2 trillion, placing it among the 10 most valuable American companies.

The company, co-founded by Musk in 2002, has expanded into satellite operations and has folded in Musk’s artificial intelligence business, xAI, which includes the social media platform X. xAI is the maker of the Grok chatbot.

How SpaceX plans to grow

SpaceX’s filing sets out ambitious targets. The company reported $18.7 billion in revenue in 2025 and a net loss of $4.9 billion, driven mainly by spending to build AI capacity. In the filing, SpaceX projected it could generate more than $28.5 trillion in revenue from its various markets.

As part of its commercial strategy, SpaceX has been renting out AI computing capacity to Anthropic and Google through short-term deals worth billions of dollars, according to the source material.

Reaction and voices

At a launch event in Starbase, Texas, Musk addressed staff, many of whom became multi-millionaires with the launch of trading. He said:

“SpaceX wants to be able to take you to the Moon, take you to Mars, and ultimately beyond,”

and added:

“I’m confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you.”

Outside Nasdaq in New York, about 100 people assembled to mark the occasion, and SpaceX placed a neon sign in Times Square. Sarin Sio of financial company Dovetail, quoted in the coverage, said Musk “sets very futuristic goals that no one else is doing, and I think that has got a lot of people excited.”

Wider impact and criticism

The record IPO is expected to create many new millionaires and several billionaires among former and current employees and investors from the company’s history. The offering was reported to be more than four times oversubscribed, with strong demand among retail investors for whom 20 percent of shares were reserved.

The milestone also drew criticism. Democratic Senator Elizabeth Warren is quoted as saying:

“The world will get its first trillionaire while Americans across the country are scraping together every dollar to save for retirement.”

What comes next

Trading under the ticker symbol SPCX, the conglomerate will be watched closely for how Wall Street absorbs the offering and what it may mean for AI rivals on the path to public markets. OpenAI and Anthropic were reported to have recently filed initial documents with regulators.